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Wrapped NXM

Wrapped NXM priceWNXM

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WNXM
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1 WNXM = 83.58 USD
Last updated 2024-05-27 07:13:57(UTC-0)
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Wrapped NXM price live data summary

The live price of Wrapped NXM is $83.58 per (WNXM / USD) today with a current market cap of $82.43M USD. The 24-hour trading volume is $4.55M USD. WNXM to USD price is updated in real time. Wrapped NXM is +3.82% in the last 24 hours. It has a circulating supply of 986,294.8 .

What is the highest price of WNXM?

WNXM has an all-time high (ATH) of $134.14, recorded on 2021-05-12.

What is the lowest price of WNXM?

WNXM has an all-time low (ATL) of $7.82, recorded on 2022-12-30.

Wrapped NXM price prediction

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What will the price of WNXM be in 2025?

Based on WNXM's historical price performance prediction model, the price of WNXM is projected to reach $118.61 in 2025.

What will the price of WNXM be in 2030?

In 2030, the WNXM price is expected to rise by +2.00%. By the end of 2030, the WNXM price is projected to reach $219.69, with a cumulative ROI of +162.87%.
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Wrapped NXM price performance in USD

24h7d30d90d1yAll-time
+3.82%+21.25%+27.12%+22.08%+199.82%+742.15%
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Wrapped NXM price history in USD

TimeLowHigh
24h$79.88$84.65
7d$75.86$84.65
30d$59.01$84.65
90d$56.94$84.76
1y$25.6$84.76
All-time$7.82(2022-12-30, 1 years ago )$134.14(2021-05-12, 3 years ago )
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Wrapped NXM market information

Market cap
$82,431,362.13
+3.82%
Fully diluted market cap
$82,431,362.13
+3.82%
Volume (24h)
$4,554,392.77
+13.32%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.0552
Circulating supply
986,294.8 WNXM
Total supply / Max supply
986,294.79 WNXM
-- WNXM
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Buy Wrapped NXM for 1 USD
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Wrapped NXM ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

About Wrapped NXM(WNXM)

What is Wrapped NXM (WNXM)?

WrappedNXM (wNXM) is actually a token that is created by wrapping authentic NXM on a 1-to-1 basis. Wrapped tokens are cryptocurrencies that are pegged or attached to the value of another crypto or asset, which allows for easier transfer of value. NXM is actually an ERC20-compatible token that is part of the Nexus Mutual protocol. Nexus Mutual is a decentralized alternative to insurance that aims to provide simple, transparent, accessible, and affordable financial protection to its members. Although wNXM is fully tradable, it cannot be used within the Nexus Mutual platform. Additionally, since NXM is only traded among members, only Nexus Mutual members can wrap or unwrap NXM.

What is Nexus Wrapper?

Some Nexus Mutual members were the ones who developed the Nexus Wrapper, which allows for the wrapping of NXM into a token that can be traded on both decentralized and centralized exchanges. The PepperSec team created the application, while both the Nexus Wrapper and wNXM token are under the management of Nexus Mutual DAO community members.

How does Wrapped NXM (WNXM) Work?

The Wrapped NXM project is an innovative approach to insurance coverage that combines Nexus Mutual's decentralized insurance platform with tokenization. By creating a bridge between these two domains, Wrapped NXM offers immense potential to the crypto industry. Through wNXM, users can access and trade insurance coverage as tokens, eliminating the need for intermediaries and making insurance more accessible, transparent, and efficient. With wNXM tokens, users can hedge their risks, providing them with a tangible financial instrument to protect their investments. Wrapped NXM's governance system is also a key feature, giving holders of wNXM tokens the power to participate in decision-making processes within the Nexus Mutual ecosystem. This ensures that the platform operates in a fair and democratic manner. Additionally, Wrapped NXM's innovative design allows for the creation of new insurance products, catering to the unique needs of individuals and businesses. The platform also brings increased liquidity to the insurance market, offering users flexibility to manage and optimize their insurance positions according to market conditions. Wrapped NXM takes safety and security seriously, adopting stringent security measures to protect user funds. As the world continues to embrace cryptocurrencies and DeFi, Wrapped NXM's significance cannot be overstated.

What makes Wrapped NXM (WNXM) Unique?

As per the NXM project's website, the key features of the project include governance, capital provision, risk assessment, claim assessment, and audits security. The NXM token represents the mutual's capital ownership, allowing members to vote on proposals or put forward governance proposals. Members can contribute to the pool by purchasing smart contract cover or NXM tokens. They can also stake against the security of the custodian or protocol and get rewarded for their staking. Furthermore, members can vote for claim payments and resolve them within 12-48 hours. The platform seeks to provide additional security against smart contract failure and exchange hacks, and three independent experts will review the code through a solidified audit.

Conclusion

In brief, Wrapped NXM is a pioneering project that combines decentralized insurance with tokenization. Through the tokenization of NXM, wNXM enables users to trade insurance coverage as tokens, making the insurance market more transparent, accessible, and efficient.

Trade WNXM perpetual futures

After having successfully signed up on Bitget and purchased USDT or WNXM tokens, you can start trading derivatives, including WNXM futures and margin trading to increase your income.

The current price of WNXM is $83.58, with a 24h price change of +3.82%. Traders can profit by either going long or short onWNXM futures.

Join WNXM copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or WNXM tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Wrapped NXM.

What is the current price of Wrapped NXM?

We update our Wrapped NXM to USD price in real time. Get the live Price of Wrapped NXM on Bitget.

What is the 24 hour trading volume of Wrapped NXM?

Over the last 24 hours, the trading volume of Wrapped NXM is $4.55M.

What is the all-time high of Wrapped NXM?

The all-time high of Wrapped NXM is $134.14. This all-time high is highest price for Wrapped NXM since it was launched.

Can I buy Wrapped NXM on Bitget?

Yes, Wrapped NXM is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Wrapped NXM?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped NXM with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Buy Wrapped NXM for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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Cryptocurrency investments, including buying Wrapped NXM online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Wrapped NXM, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Wrapped NXM purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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WNXM is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support WNXM trades.
You can trade WNXM on Bitget.

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